Shocking Interview with "Insider" Memecoin $LIBRA

Hayden Davis asserts that LIBRA is not an intentional scam but a plan that has gone off track at the "Presidential level". After the shocking scandals of the memecoin LIBRA in the past few days, the cryptocurrency community is still in turmoil over the related developments. Amid increasing public outcry over allegations of insider trading, market manipulation, and the withdrawal of Argentine President Javier Milei, Hayden Davis - representative of Kelsier Ventures and central figure in the incident - had an exclusive interview with YouTuber Coffeezilla, where he made a series of shocking statements. In more than an hour of confrontation, Davis unhesitatingly made a series of shocking statements: admitting that his team had sniped the LIBRA token, harshly criticizing Solana as a "gambling den," and even declaring that crypto is just a zero-sum game, where no one truly creates value but everyone revolves around making profit from those who come later. The project implements sniping to "block other snipers", not considering this to be wrong behavior From the very beginning of the interview, Hayden Davis openly admitted that the development team self-sniped LIBRA as soon as the token was listed, but did not see it as wrongful behavior. On the contrary, he asserted that this was a necessary strategy to protect the project from being manipulated by professional snipers. According to Davis, if the team does not take proactive action, the sniping bots will take over the project, causing the team to lose control from the very first minutes. "Professional snipers always lurk to buy immediately when the token is launched, then dump massively when they make a profit, causing the price to plummet. We have to take one step ahead - control liquidity from the start to avoid being squeezed out by outsiders." However, the plan does not stop there. Davis revealed that the LIBRA operating group has prepared a complete scenario to create FOMO waves, in which President Milei and KOLs will continue to promote the project, stimulating investors to pour money in. When the price reaches a certain threshold, liquidity previously withdrawn by external snipers will be pumped back into the project, creating a sense that the market is still stable and growing sustainably. He said: "The plan is to take control of sufficient liquidity immediately, then let President Milei and KOL promote LIBRA to attract more money inflow. When snipers start selling, the token will not fall freely because we still hold enough liquidity to intervene, pump back and maintain the uptrend." Davis describes this as a memecoin market control strategy, but in reality, this is no different from an organized insider trading process. The project team holding buying rights before the token is launched means that external investors do not have access to a fair price and must buy at a price manipulated by insiders. And that is the real face of the memecoin LIBRA - a well-organized pump & dump scheme, where an internal group completely controls the game, manipulating prices at will, while the community is pushed into buying at prices that have been distorted. LIBRA is not a failed project, but from the very beginning it was designed as an organized manipulation plan, where the leader reaps huge profits, and small investors are just pawns drawn into a pre-arranged game. Not only stopping at LIBRA, Hayden Davis also revealed that he had participated in sniping during the launch of the Melania token - a strategy that he considered completely "reasonable". Davis admitted to buying in early, but quickly defended that his team did not profit as they did not withdraw liquidity but only gradually sold the tokens they had collected earlier, justly like other investors. Internal trading is the "unspoken rule" of the market When questioned about transparency in memecoin transactions, Hayden Davis appeared unconcerned about allegations of insider trading, even seeing it as a natural part of the crypto market. Davis bluntly denied: "In my opinion, insider trading is just a joke. In crypto, people only get angry when they are not on-chain geniuses." According to him, insider trading is not a problem, but just an unwritten rule that anyone who wants to stay in this industry must accept. Even Davis affirmed: "Internal transactions in memecoin are not illegal at all, and in fact, all KOLs around the world make money that way." These statements not only legitimize profiting from insider information but also reveal the mindset of those behind the memecoin explosions: this game is not for the weak, and if you don't have an edge, you are the prey. In addition, Hayden Davis also admitted that he used personal funds to cover the loss for Dave Portnoy, the founder of Barstool Sports, after Portnoy bought LIBRA just 10 minutes after its launch and lost it all. However, this action raises a big question: Is this not just a compensation, but also an implicit agreement to keep Portnoy silent about the LIBRA case? Refunding a influential figure like Portnoy, while thousands of other investors suffer losses, further raises public suspicions about the extent of manipulation and the relationships behind the collapse of LIBRA. Crypto is a zero-sum game, it's all about profiting from others. In addition to protecting his sniping decision, Davis also made a strong criticism of the entire cryptocurrency industry. “Crypto is a zero-sum game(. Nothing has value. Whether it's a utility coin or a memecoin, they are all garbage.” Davis believes that no project truly creates long-term value, including Bitcoin. He sees the entire crypto market as a huge casino, where participants only try to extract value )value-extraction( from others without any real innovation or contribution to the actual economy. Not only that, Davis also emphasizes that even the best in crypto cannot find a "clean" way to make money in this field. "The best in crypto also have no answer to how to make money "cleanly" from crypto." Coffeezilla immediately refuted, arguing that crypto still has practical value, especially in the fields of finance and technology today. However, Davis firmly maintains the view that even Bitcoin or any crypto project is just a zero-sum game, where everything is manipulated by larger forces. He completely dismisses concepts like tokenomics, burn-mint mechanisms, or any applications proposed by crypto projects, calling them mere 'illusory tricks'. With this statement, Davis not only denies the value of the entire crypto industry but also implicitly acknowledges the true nature of the market as a speculative whirlpool and a profit center, where those with inside information, the ability to snipe tokens early, and early access always win. The solution for handling the amount of 100 million USD withdrawn from LIBRA Hayden Davis confirms that he currently controls all of the more than 100 million USD withdrawn from LIBRA's liquidity. However, he has not yet made a final decision on how to use this money. Davis revealed that there is a force behind him threatening his and his family's lives, warning that if he transfers this money to a third party, the consequences will be unpredictable. In addition, Davis asserts that LIBRA has completely destroyed his reputation, but denies the accusation that it is a deliberate scam. Instead, he believes that LIBRA is a plan that has gone off course at the "Presidential level," an unfortunate incident rather than a deliberate manipulation. Davis is considering three options for handling the amount: ) Donate all the money to a non-profit organization in Argentina and exit the market. Refund investors based on certain criteria. However, Davis acknowledges that he was advised not to do this because determining who should be refunded is almost impossible. Reinject the money into LIBRA or another project to create new liquidity. Davis said there is no specific schedule for this decision and acknowledged that at the moment, his safety depends entirely on the $100 million he holds, and he may not be out of danger until the President of Argentina and Milei's team respond officially within the next 48 hours. Currently, the only thing protecting Davis is this amount of money, because once it is disbursed, he will lose his last line of defense against the forces targeting him. Revealing insider trading in memecoin TRUMP When asked about what is really happening inside political memecoin projects, Hayden Davis did not dodge but frankly referred to a typical example, TRUMP memecoin. He emphasized that from the moment of launch, TRUMP has had insider trading. At first, Coffeezilla thought this was simply another snipe token case. However, Davis made a shocking revelation that even surprised Coffeezilla. "With TRUMP Coin, over 500 million USD has been bought in right from the start. But it's not snipers, it's the people present at a private party, where they get special purchase rights before the token goes public." This information implies that the TRUMP memecoin is a large-scale insider trading deal. Those attending the party are not retail investors or typical venture capital funds, but powerful individuals with close ties to the development team, given the privilege to buy in advance at a much lower price than the rest of the market. This continues to highlight an undeniable fact: political memecoins are not a game of the free market, but an organized pump-and-dump scheme where power lies in the hands of a small group of underground forces. From LIBRA to TRUMP Coin, it is clear that political memecoins are just a pre-arranged deck of cards, where insiders always win, while outside investors are mere pawns in a perfectly staged drama.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)